welcome, everyone. it's a special edition a holiday shortened trading session with the markets set to close in one hour, 1:00 p.m. eastern. stocks are trying to hold onto gains here republicans blocking that effort by democrats to pass $2,000 in direct payments to americans after president trump said, the $600 -- small caps down

one-third of 1%. european market closed a few moments ago. the uk and the eu finally reached a brexit deal. more than four years after britain's vote to leave. where is wilfred when you need him? 59 minutes left to go. welcome. >> welcome i told you i would bring the fireworks. i did on the screen behind you today's show, the ceo of hawaiian airlines is here about this year's unusual holiday travel season, shall we say, and why he thinks right now is the time to add new routes to the big island one of the buzziest gifts of the year a personalized celebrity cameo are you really willing to pay $500 for a shoutout from steomee

famous merry christmas eve. we have got a better lineup over the next two hours than the christmas ball look at this lineup. paul hicky, and amolet's begin h a look at the huge rally, particularly in the little guy, the small caps the russell 2000 has doubled off its lows i did the numbers an hour ago. 178 of the s&p small cap 600, up more than 50% in 90 days has this index gone a little too far, too fast? >> it's been an extraordinary rally. you have to think about it when you get a rotation out of large caps and into small caps,

the size difference is so much different. remember, it was six months ago that apple was larger than the entire russell 2000. you get 1% of assets going out of the s&p 500 and into the small caps, it's going to cause a big move you see this in the early stages of bull markets. there's only one other time when you have seen the russell double within a year off of its closing low in the past year that was coming out of the '82 bull market, so in june of '83 the other time where it came close but not 100% was coming out of the financial crisis from march 2009 to march 2010 this is truly a rally of historic proportions for the russell 2000 what now what do we focus on now? >> buddy, nobody provides better historical context than you. like the ghost of christmas

future, i want to know what's going to happen, not what has happened where do you see it going from here >> for starters, we look back. we take some factors into account. coming out of the '82 bull market, we saw small caps decline 20% after that initial doubling over the next -- the course of the next year. in march 2009, we saw the opposite you saw from march 2010 out a year, the russell 2000 gained over 20% that doesn't tell you much you have to focus on small caps are trading at very high valuations right now the russell 2000 as a whole. when you get into individual stocks in the index, you can find better opportunities. the russell 2000 pe is negative right now. that's because most of the companies in the index don't have earnings. if you look and focus only at the companies that have earnings, they trade cheaper

than comparable large cap names which have earnings. the ratio of companies with positive earnings is actually higher than the comparable group of small cap stocks that have earnings for the index as a whole, it's lofty. it going to the theme we have been talking about for several months, most of the year, it moves away from indexing and toer towards individual stocks. if you buy the etf, you get a lot of garbage. >> well said 178 names up 50% in 90 days. paul says, it's a stock picker's market thank you very much. let's go to another big story. alibaba getting rocked today it's on news of a chinese investigation into alleged monopolistic behavior. the pressure mounts. merry christmas to you

>> merry christmas to you, too in china, it's just another day. brian, you were talking about what the authorities are doing here regulators looking into complaints that alibaba had allegedly forced merchants on its sites to work solely with the ecommerce giant to the exclusion of all other competitors. separate to that, ant group is -- was summoned by other authorities for a conversation in the coming days about fair competition and consumer protection this all comes after a very fiery speech that jack ma made in october where chinese regulators were present. at that speech, he said and suggested that the regulators were part of an old man's club and that china -- chinese finance didn't have any systemic risk because there was no

system jack ma is known to be very outspoken, to speak his mind about the government these comments were seen as especially egregious they were coming when the billionaire was about to get wealthier with the ant ipo on top of that, president xi has been making moves to exert more control over private industry. now, the talk within the chinese tech community is kind of split. people are wondering what this is going to mean if it's only going to be specific to alibaba or spread to larger companies generally. for the most part, people are saying they think there will be penalties for large companies, possibly fines, demands to change business models or in an extreme scenario, an end to what's called the vie structure, which is a structure that has been in a gray area that allowed

for foreign investors to buy into chinese companies there is one potential counterargument as to how far beijing would go that is that beijing still wants to have national champions, though one could argue, they only want national champions that are not -- that are either state owned or that play nice with the authorities >> a big story we wonder if it's the beginning of something better. alibaba down nearly 16%. we appreciate you staying up until 1:00 in the morning up there. eunice yoon, thank you very much now to washington, d.c., the trumped up stimulus fight rages on with nothing getting done today. let's find out where we stand and where we are going >> i wish i knew the answer. it's a mess here in washington, d.c. the president blew up the deal

that had been agreed to by his team democrats and republicans up on capitol hill now they are struggling to put together the pieces. the president said one of the reasons he didn't like the bill was because the stimulus checks to individual americans were only $600. he said after all the negotiation was over, what i wanted was $2,000. nancy pelosi called him on that this morning, put a request measure on the floor of the house of representatives saying, fine, if you want to raise it to $2,000, we will do that. republicans blocked that move by nancy pelosi seeing a political opportunity to divide republicans against the president. she put out this statement a short time ago saying, today, on christmas eve morning, house republicans cruelly deprived the american people of the $2,000 that the president agreed to support. if the president is serious about the $2,000 payments, he must call on house republicans to end their obstruction for their part, republicans put a measure on the floor designed

to re-examine foreign aid payments that's something the president complained about was in this massive spending and stimulus bill, democrats blocked that one, of course one of the complaints from democrats was that the president was singling out items that were in the spending bill as wasteful that he himself had supported in his own budget earlier in the year the president really sending mixed signals about what he wants. it's not clear he will veto the bill it's not clear there's a compromise measure that obtainable here before the weekend. at this point, as we stand here now, we don't know what's going to happen with relief and with the government shutdown. unemployment benefits waning for a lot of americans pelosi says she's going to put a vote on the $2,000 on the floor next week. that's all we know as to where we go from here. >> we will have to wait until next week to find out. we are just getting started.

long way to go here on ""closing bell" bell". bill simon's worries about retail some of his picks for the winners next year. the dow is up exactly six points merry christmas eve. this is "closing bell. we're back right after this. for skin that never holds you back

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47 minutes left of trade welcome back shopping rush is on. christmas hours away it may look different from past years as retailers faced a host of challenges. here with more, bill simon, the former walmart u.s. ceo and president. welcome back how is it all -- >> we're all excitedly waiting to see it's been very, very

interesting. started in november with really not much on black friday sales shifted online the online sales didn't make up for the lost traffic retailers have been scrambling to get enough ordered and shipped online and get enough customers through their store in the middle of a pandemic it's interesting >> it's brian. do you think there's a down side to this? the amount of boxes, the logistical challenges here do you see the shopper going back to more a sense of normalcy if i see another cardboard box, i swear. >> yeah. you are right. people who are concerned about the environment have to be worried about taking a box and putting it inside another box and having a u.p.s. truck drive it to your home. that's not good for the environment. secondly, i'm like everybody else, my garage is filled with empty boxes right now as we get

ready for christmas. i do think shipping, which has been a real choke point from a capacity standpoint, is about reached its peak unless something changes next year, customers will want to go back to the store. >> the reality is, it's been amazing, all the hard working u.p.s., amazon, fedex, carrying our stuff. i know this. it's convenient. it's not fun there is an element of shopping that the american consumer likes. i'm sure they would like to go back to. as we get back to a sense of somewhat normalcy in the spring hopefully, who do you see being the winners? where is it going to be fun to shop >> i will agree with you tip of the hat to u.p.s. and fedex and all the guys working in the distribution centers getting stuff out. i think as we get into next year, you will almost see a reverse of what happened this

year walmart and target and some of the big box stores had the playing field to themselves most of march, april, may and into june those numbers that they put up, they will be nearly impossible to cycle by the same token, a lot of companies who were closed during that time period, as long as they are able to make it from a cash standpoint and survive -- i think many will -- you will see a lot of really good numbers from them. plus, i think there are some categories -- fashion is one that comes to mind nobody has dressing up and going anywhere we have been stuck at home there's going to be demand to go shopping and have nice clothes plus, if you are like me, i gained about ten pounds. you need new sizes. >> my jeans right now could probably walk to the store themselves your point is well taken terrible for the obesity crisis in america we will get back out walking and

running again. who do you see are the fashion retailers that are going to win? not everybody is back in an office right away. we know that a lot of people will be. a lot of people want to be as well who are the winners? >> i think in the women's apparel will come first. ann taylor, chico, i'm on the board there, i love that company. i think women's apparel will have a comeback more quickly than men's apparel you will see the good brands, the ones that are solid and have good cash positions really start to pop as we get into the spring and summer >> we are looking at a lot of gift card buying some of the data we are seeing from gift card companies, credit card companies, national retail federation indicates that when people don't know what to buy or they can't go see their loved ones because of covid, they are buying a lot of gift cards they will be transacted. is there any way -- i hate to

put you on the spot. how much more -- if i get a $100 gift card and i go to walmart, how much do i end up spending over i guarantee, everybody spends over that amount don't they >> it's typically about 20% to 30% more than the gift card is what you see, generally speaking gift cards are wonky you don't recognize the sale when the customer buys the card. you recognize the sale when it's actually exchanged as you try to measure holiday sales, you will have this liability on the balance sheet that's not a sale, even though the sale has been made it's going to impact negatively on sales it will be recognized in january. the other big thing about gift cards is there's always about 3% to 5% breakage kar cards that don't get redeemed that ends up being a windfall for the retailers.

that will take time to cycle through as well. >> bill, sounds like a double windfall those that don't get redeemed and every 100 bucks turns into $130 or $120 if we see a big gift card season, retail could have what is normally a booming first quarter. >> it could. they should. i think that would be likely it might not be until the second quarter if people are reluctant to get out they might not redeem until the second quarter it may trickle in during the course of the year i think from what we are seeing with the increase in gift card shopping, that seems likely. >> bill simon, a pleasure to have you on. best to you and yours. merry christmas, happy new year. see you on the other side. thank you very much. >> yes, sir. merry christmas to you like the show's name, we are on the countdown to the close. the market is up the dow is up eight. at least it's not done on christmas eve. coming up, we will talk about

something really important protecting precious cargo. we will hear from the company making the indestructible tiny viles to carry the covid vaccine. that's not an accident they are testing it by running it over with a hummer. we will talk more about the gog ine and when it's into get around to all of us coming up next. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief*

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welcome back time for our coronavirus daily tracker. california officially

becoming -- adding 1 million infections in the last six weeks. the u.s. reported more than 325,000 covid deaths more than 18 million cases the cdc says more than 1 million vaccine doses have been administered so far. there's only a few days left for the government to reach its own goal of 20 million by the end of the year operation warp speed telling reporters, the pace is slower than we thought it would be, adding the 20 million goal is unlikely to be met in the meantime, for the doses that are going out, one alabama-based company was awarded $143 million to build virtually indestructible containers to houz ma dse moders vaccine. here is the president of the company. >> we provide a very specific type of package.

a fusion of glass and plastic, which has never been done before the vile, it's pretty smile. throw it against the wall, drove it over with a tank. it doesn't break we were only doing about 5 million to 10 million. after getting the government contract, we are producing that on a monthly basis in three months, we went from 109 employees to 550 employees we went from one factory to four factories. it accelerated our business plan for three to five years. we had to set up tents outside so employees could eat outside parking, we had parking up and down the street, on the grass. daily visits from the town saying, you have to move the cars the team is working 24/7 we work through the thanksgiving we are working through christmas and new year's everybody has a strong sense of pride, a very high level of commitment you could be the guy cleaning the floors, the woman on the production line, people in the

quality team everybody understands what they are contributing to. >> our thanks to the workers there. one thing we try to show not only how small the viles are but all the stuff that goes into it we have talked about the science, the billions of dollars that's been spent, the great work by the time but it comes down to women and men in warehouses, getting into vans and trucks to get the shots into the actual arms of people >> yeah. the supply chain has been amazing to watch it's happened -- [ no audio ] surprising details of a deal -- [ no audio ]

ten year yielding 10.93% stock market is flat technology leads, energy lags, as has been the theme of the year back after a break 30 minutes left of trade

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welcome back good afternoon it's time for a cnbc news update >> good to see you here is what's happening in southern california, 7,000 people have been ordered to evacuate their homes the so-called creek fire broke out overnight on camp pendleton. it has grown to 750 acres but is 35% contained. in bosnia, shots show the total destruction of a migrant camp that burned yesterday. just before it was to be closed for the winter more than 1,000 migrants have been left to sleep in the cold in italy, police are enforcing enhanced travel restrictions which went into affect today the new limits come as italy confirmed its 2 millionth case, making it the eighth country to

do so. in southern england, lines are shrinking. thousands of truckers are waiting to get tested before they can make their crossing to france some spelled out a call for assistance look at that those are the traffic cones. they are big you can see it from far above. hopefully, they will get tested and home in time for christmas it doesn't look like it. back to you. >> not stuck in the traffic right now on christmas eve rapid testing is the key to everything see you in a few minutes thank you very much. coming up, call this a music mash-up that nobody saw coming or maybe nobody wants. dorsey interested in buying jay-z's music streaming service. kate rooney has -- what? >> i know. surprising jack dorsey's payment company is looking to buy title which has

an a-list group of owners. that report out from bloomberg no comment yet analysts say this could make sense in dorsey's vision for square, especially for the popular cash app the venmo competitor was a driver of the stock's 260% rise year to date, even as the payment hardware business was hit during the u.s. shutdown the end goal for square is to really be a mega app where people manage finances, pay friends and listen to music. the deal would fit with square's recent growth strategy some analysts call the cool factor hundreds of hip hop artists have written cash app into their lyrics square launched a clothing line. square did a bitcoin giveaway. but dorsey's record has been criticized square's known for being great

at bidding thing ed by buildingy not so much for buying them. >> yeah. jack is an enige matt-- enigmatc i will pay $50 because we split dinner the other night, that takes about 20 seconds what am i going to do, listen to a bit of a song? i'm struggling -- i'm not that smart anyway i'm trying to figure out where this works >> if you use the square cash app, they want you to stay within that ecosystem. you might pay for your subscription for title on square get you staying on that app. it's about driving engagement, which drives revenue per user. they have seen much higher engagement through bitcoin and have been able to drive more revenue than venmo through that. a lot of this is organic growth.

you might use square cash app, tell your friends, i need to pay you. do you have the cash app it sees a snowball affect. we will see if the deal ends up -- >> listen, 1999, it was all about sort of valuation per comw engagement i will give you six pine cocone for one fake duck. >> i think i might be able to find both of those items we will talk offline i think i can hook you up. >> i'm going to venmo you, square you for those pinecones thank you very much. merry christmas. video game stocks, they have been a big pandemic play this year should you bet on similar returns in the new year when we bust back out? we will talk about it coming up next on "closing bell. dow up 38 now. we're back after this.

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welcome back 2020 marking a standout year for the video game industry. check this out according to the npd group, total u.s. video game spending

grew by 20%. video gamemakers topping some of the 2020 stock leaderboards. what's going to happen next year let's bring in brandon ross. good to see you. the question is this, when things start to reopen, as they will in 2021, what's going to happen i understand video games have a lot of critical mass right now but people will start to travel again. what is your forecast for next year >> if you look at what happened during covid, there's certainly many more players playing video games than there were before new players came into the funnel there was more time being spend per player

the natural incomplination is is because of covid but there's been a share shift that's taking place to video games. whether it's playing games or in the streaming video world where the creator and streamers on youtube and twitch have garnered a lot of growth. i think youtube put out a stat last week that said the amount of time streaming games on youtube has doubled in two years. you are seeing a real secular shift at hand. i think that the pandemic just kind of threw gasoline on that shift. i think you are going to see it continue -- >> a lot of that streaming time apparently, brandon, is 9:00 to 2:00 p.m

you know, we will go back to school we will travel again video games aren't going to go away they may continue to grow. what types of games are going to win? what publishers are going to win? >> i think there's two types you just brought up tweens a ugc platform, akin to an interactive youtube, that has massive engagement in the tween sets if you want to find somebody in that demo, you need to probably try and talk to them in the game it's almost like there is snapchat in older demo i think you are going to see that platform continue to grow

among the publishers, we like activision what we have seen is that to unlock the true video games, you need to reach -- you need to reach players on more platforms and with multiple business models you saw that with call of duty this year. when war zone and mobile launched in the past year and were massively successful. the franchise has grown to new heights. i think you are going to see that in the blizzard world next year when overwatch starts to play by the same formula you will sisee a re-master you will have multiple funnels at work that can reach players

all over the world we like activision we like that pipeline approach >> there you go. stock has been hot brandon ross likes it. appreciate you coming on happy new year see you soon thank you very much. straight ahead, alibaba shares dropping big time off 16% overnight. a top transportation analyst will weigh in on holiday shipping christmas is tomorrow. if you are waiting on a gift today, are you going to get it we will talk about that. dow up 30. more "closing bell" straight ahead.

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we don't have a lot left in the trading day. about 15 minutes the equity markets closing at 1:00 p.m the "closing bell" market zone all the action heading into the close. we are closed tomorrow for christmas. we could see moves here in the last 15 minutes or so. let's welcome into the conversation our friend stephanie lane, paul hicky back as well. let's kick off with you, stephanie, and the broader market we are seeing the markets higher the dow is up 40 points right now. it's been a heck of a rebound. we have seen the russell 2000 double off its lows from march the nasdaq has made something like 50 record high close at the end of the year. money is free if not super cheap. the fed is on our side do you see any reason why these market tailwinds would not just continue when the calendar rolls over into 2021

>> well, you cited everything i would have cited we are in complete agreement in terms of the monetary policy is very, very aggressive. $90 trillion around the world in monetary policy initiatives underway on the fiscal side, the fed's balance sheet increased 75% year to date. if we get the next fiscal bill, which we will -- it's a matter of timing and dollar amount. that's 4% of gdp entered into the economy. those are two very, very big tailwinds. you have a weak dollar i have argued -- we talked about this before -- that all of this should lead to better gdp growth next year and also s&p 500 earnings growth. we know stocks follow earnings i believe maybe we get the better growth in the second half versus first half. but we will get it >> cheap plug. i put out my 2021 predictions last night the first one is get ready for the roaring 2022s.

the second half of next year into 2022 could be one of the greatest explosions in consumer spending literally in 100 years. i'm not exaggerating as we bust out the question is this, how much of that -- that earnings growth, the multiple expansion, the consumer coming back, is already built into the market? that's the key question. >> it is built -- a lot of it is built into the system. you have $4 trillion sitting in money market accounts. you have a savings rate from consumers at 14% if that number on average -- that number is usually 5%. if you were to go from 14% to 5%, that's a trillion dollars in consumer spending. i think there are going to be different sectors you want to own. own more cyclical. own more of the travel, leisure, they will see a lift in earnings i still want to be in industrials and materials,

financials of course, secular technology, you want to have a presence there. >> paul, before we go to alibaba, i want to follow up with you on that a huge point we know the consumer is going to come out of hibernation potentially in a big way the gaming shares, restaurants everybody is going to be in vegas next september at least i know i will be as well the industrials are the ones that have been ignored they are not sexy. they are the bottom of the list. i put energy companies into that as well. they have been ignored by the market do you think those could be big winners next year because they have been ignored? >> energy, i don't know. i don't have a positive or negative view on it. to your point about industrials, i think that's a sector that investors should focus on here we have seen some very strong performance out of the sector look ahead to next year.

one thing we have been hearing is this consensus view that maybe the first half will be rough and then we will do better in the second half of the year, as covid starts to fall in the rearview mirror or becomes stable right now, the market is doing phenomenally covid is as bad as it has been as far as just about any bad asr as any stats the market is already looking forward, i think while you may get some hiccup based on the results of maybe this runoff election in the first of the week and sentiment, a sentiment check just because the robin hood traders, new traders need a reality check, i think, you know, if we could see a better first half, and then as things start to improve, then the market's going to say, okay, now what you know, the economy once it gets back on track, does the fed have to come in and start hiking rates or remove some of the accommodation. we think the fed will be late to do that but that's something we have to keep in mind as the year goes on and things do get

better >> and you mentioned it, by the way, we didn't even talk about it, 12 days until that georgia runoff i know people are voting now, but 12 days, that runoff could be a big deal for the markets. meanwhile, let us move on to another big story. topic two ---al al libaba sharew 13% after chinese regulators launch an anti-trust probe against the company as the public and private sector facing increased scrutiny from the chinese governments. this week authorities cracked down on their fintech companies to remove bank deposit features on all their apps. paul, would you be a buyer of baba on the weakness >> you know, it's a great business but there's too much uncertainty as far as what's going to be the play out in china. i think the broader takeaway from this, though, think about it you have regulators from the two largest economies in the world

going after some of their most successful companies whether it's justified or not, we can debate. but the fact is that when these successful companies are under investigation or under, you know, lawsuits, it diverts resources from other sectors and causes distractions. microsoft ended up not being broken up by its anti-trust suit but it wasn't a great time for the company's stock as it was under investigation and as that whole process played out >> yeah. i mean, stephanie, first off, comment quickly on alibaba at its own story. secondly, you have to be a little nervous about what xi jinping and the chinese government are starting to do with their ncapitalism in china. >> the stock was down 24% before today. someone was sniffing this out way before its highs just a month and a half ago i'm not surprised. this is what the chinese government does. they've done it to many

companies over the years on top of chinese companies in general being very limited in transparency if i want to own china, i'll own u.s. multinational companies i own caterpillar, freeport and estee lauder whenever there's news on china, good or bad, they trade off that news i get better balance sheets and strong management teams. >> let us move on to topic three, and that is something we're all sort of nervously watching the next couple of hours ahead of christmas tomorrow morning and that is shipping overall, it's been a huge year for the fixers fedex up 80%, it is a mad dash for the carriers and many families as they last minute deliver those holiday packages in the last couple of hours and moving millions of vaccines across the country a shout out to all of them out there as well. from a stock perspective, what carrier may be set to benefit the most, if they haven't already? joining us now is ken heckster, transportation analyst with bank

of america securities. thank you for joining us if you had to pick one, fedex or u.p.s., and i know you have buys on both, which one would it be >> thank you happy holidays to you and sarah at the studio. certainly, a great run through the holidays and where-r with the vaccine on top of that, it's even more impressive what they're able to accomplish we did give a slight edge at the beginning with u.p.s. moving the pfizer vaccine because they had the right to move the kits, which is the syringe -- the swabs, the needles, along with the vaccine. and then fedex and u.p.s. split half the country for pfizer. now, with project warp speed, you have now the company split, mckesson handling both u.p.s. and fedex, although mckesson is distributing closer to fedex's headquarters so they're getting a lead on that a slight edge during the fedex

move -- i'm sorry, u.p.s. on the pfizer distribution. >> looking at your price targets, i believe, i'm trying to do the math, ken, it looks like you have nearly 30% upside still left in fedex. only about 6% or 8% in u.p.s obviously just by that math you're going to favor fedex. >> we do favor right now a little bit more toward fedex just given the upside. they did have a little - >> it seems like a lot more, ken. 23% more upside in fedex than u.p.s. >> again, u.p.s. is set up a little bit better into their quarter just because we had a little pullback at fedex with their margins. we like fedex a little more. your question, i thought, was more on the vaccine distribution which is a very small portion of the total distribution it's just a minor portion of the packages they're moving every day. but our favoritism, i guess, is a little more based on our pl towards fedex. but we do have buys on both.

>> i mean, outside of vaccines, there's a lot of debate about how much we go back to the stores, how much does online shopping stay at these levels. it almost seems unsustainable in some ways. what's your crystal ball say for the next 12 months, ken, as far as how much these companies still see these kinds of volumes? >> well, you were running at peak levels just before peak season because of the covid environment. so, fedex was running at $18 million a day. they'll get up to probably $24 million packages during peak you get that up to 35% more. on u.p.s. they run about 24 million packages a day you can see that and get over 30 million packages a day both of these networks are completely running at full steam. i think you go back to look at 2013, when amazon kind of surprised with the speed, what you've seen during this peak season is a very good control by u.p.s. and fedex to say to retailers, you promised us "x" amount of volumes.

we can only take some of that. they pushed back on some of them and that's allowed them to have a smooth peak season so far. there's way more demand given covid and everything else. >> before we leave, 20 seconds, give us a stocking stuffer, a name that's not u.p.s. and fedex that we're not talking about that you like and you're recommendi recommending. >> we like the rails one of our top picks has been csx, ksu we like the rail group they've outperformed the s&p for 20 of the past 25 years. this will continue this streak year to date, so the rails continue to be a great place to get consistent pricing stephanie highlighted earlier the industrial and cyclical focus and rails are a great way to play that. >> i guess we'll paraphrase the amtrak slogan. there's something about a train stock that's magic ken, thank you for joining us. take care. >> have a happy holiday. >> topic number four, investors flocking to cloud stock this year you know that. zoom, it's up 500% for the year.

again, where do we go in 2021? josh lipton zooming in with more >> check out the wcld, the cloud computing etf hitting a fresh all-time high, by the way, just this week. surging about 120% in 2020 about 200% from the march low. and within that etf, zoom is not the only big winner. fastly, cloudflair, are seeing huge moves the pandemic forced us to learn, play, shop more online these are the kind of companies that enabled that transition many of these tailwinds are here and continue in 2021 for investors the question is, though, how much of that good news is now priced in such remarkable runs? back to you all. >> yeah. i mean, it really is, josh that is going to be the question as well. that wclv now going to be on people is there a name, like not a

zoom, like i asked ken that we should be watching or that you're hearing a lot about when you talk to your sources that people are kind of whispering in your ear about other names to watch? >> you know what i thought was interesting, when you popped open the hood of that etf, we mentioned a couple of cyber security names i talked to piper's rob owens about that, and rob has been covering that space for 20 years. part of what's going on there, of course, those stocks enjoy these huge runs in 2020. that plays to the same thing as companies are moving very quickly here into the cloud. they want to do that securely. so, they're looking at those companies to help in that transition i know despite big moves, rob told me he's still a fan of crowdstrike. likes palo alto and proofpoint, guys >> good stuff there. josh lipton, we'll see you soon, buddy. thank you very much. we have about 30 seconds until we get the close remember, it's a half day, folks. it is christmas eve. the markets are closed tomorrow. we're seeing a little buying coming into the close but not a lot. you can see a lot of green on

the screen as well the dow up 70 points it's not on its high of the day but it's not too far off the nasdaq 100, by the way, is higher again that's like the 200th or something record high close. the s&p is up as well. you did see small cap, which has been the hottest of the hot. they're actually down slightly right now. let's get the final bell before christmas tomorrow there you go dropping down the hammer christmas eve, an early close as well welcome back -- or welcome to "closing bell. i'm brian sullivan in for wilfred. the dow and nasdaq all in the green. the nasdaq hitting another record high. any time we go up on some of these indexes, folks, you know the math, if you're at a record, you add just one point, it's a new record dow getting a little buying action coming into the close, up

70 points. the nasdaq higher as well. the russell 2000 is down it's down 0.2% bitcoin losing about 0.50% we have a big hour of programming left for you coming up, ceo of hawaiian air on the outlook for holiday travel and whether the coronavirus vaccine distribution is leading to an increase in demand what does he see for next year we'll find out we have rejoined by stephanie link, paul hickey is still with us and degas wright is joining the conversation as well this is -- i predict, this will be one of the top three market zones, maybe top four of the week, guys degas, good to see you we'll start with you it has been a red hot market the last weeks and months. are you getting the calls from your clients saying, on paper, i'm up a lot, i've made a lot of money. what should i do should i sell and take some profits, especially if i'm a little concerned about the possibility of higher capital gains tax rates next year.

>> yeah, brian, first of all, thanks for having me one of the things we're seeing is that the call option volume has been significantly higher than in past periods we're looking at about a 22 million contracts andcall options compared to average of about 10 million so, to your earlier point, this market has really run. so, what we're sharing with our clients is that you want to be aware of the exposure. and this could be a time to put in some protective put options, to start using those option strategies if you have a worry about the bottom of this market. because we're seeing that the market could pull back some time in the first half of 2021. >> how does that work. are you buying s&p 500 puts, are they short dated, are they long dated, are you buying out a year, adding a little volatility, a little vix action

to the mix >> what we do is we look out about 90 days out. say, for instance, if a client has a worry about -- say they really are concerned about the market going down some 20% we're not saying that's going to happen but say they have that target, we'll say let's buy put options at that point. those put options will probably not be that expensive so we'll be going long puts to give a floor, and then we can short call options to generate income to cover the cost of the puts. >> we're getting down in the christmas weeds with degas i love it. are you doing the same thing with your clients, don't sell stocks but maybe you need to watch and buy a little protection out there are you implementing those types of strategies? >> well, the way i do it, i don't use options but i adjust my cash levels of what i own in terms of percentage. right now my cash level is

pretty low and that's because i continue to see strong fundamentals and i'm not going to try to time the market on a monthly or quarterly basis. i'm trying to look 12 months out. yes, we've talked about this before did we see a pull forward at all from all this good news with he saw in terms of the recovery in the market and the economy yeah, i did. but i also think there's a lot of momentum, a lot of liquidity and that's not going to change in 2021. the fed is not going to change their tune in terms of interest rates. if anything, yellen is going to go the other way in terms of being very dovish and working with the if ed in that manner. i feel like fundamentals are still very strong. i'm trying to find good quality balance sheets i'm leaning on cyclicals i want to own technology i think those are very, very important. and i'm waiting for this fiscal package so we can stop with the drama and headache of washington. >> quickly, stephanie, does it matter how much we ultimately get? it matters to the families it matters to the consumer, to

the small business, the tens of millions who are struggling, particularly in the hospitality and restaurant industries. they've been crushed from a market perspective, does it matter if it's 600 or 2,000 a person >> i don't think so. obviously the consumer would be better off if it's 2,000, but obviously what does that do to the deficit and debt and the other story on the other side of things i think it's just a matter of getting it done. then let's not talk about it for a while. i'm not entirely convinced we don't need another one after biden -- after the inauguration. we may have another conversation about another miss cal depefiscg on the vaccine and who's getting it and when they're getting it the fiscal, it's the bridge, right, it's the bridge between now and when we can get people vaccinated that's really a timing thing i'm not ruling out additional stimulus at all. >> well said by the way, paul, the russell

2000 didn't close at a record but it hit a 52-week all-time high it if you look at data from epfr or bank of america securities, nearly every week has seen a record inflow of new cash into broad market etfs. are you sort of shocked and awed about how much money, a, there is in the world and, b, how much is pouring into u.s. and global equity markets >> well, so, a lot has been pouring into u.s. markets recently, but for years we've been talking about how there's been, you know, net outflows from equities. the public this year has found an interest in stocks. they're justified in doing it for the fact that there's really not many options out there to put your money to work i think what we're trying to do is focus on the market i think stephanie and degas brought up a lot of good points about protection and stephanie sticking to your plan.

just as in march, so many people were scared out of the market and sold at the completely wrong time now we don't want to be too -- you don't want to go to another extreme. you have to stick to your plan, whatever plan it is you have, and keep to it no matter what the headlines are telling you. in that way you're going to get a nice, steady return in the market look, we don't know what's going to happen with the runoff elections come january and we certainly don't know what's going to happen next year with a lot of other factors we're listening to the signals of the market, what are other areas of the market, like what are credit, what are emerging markets, what is the signal from the fed and we're putting that all together they're pretty much neutral to positive the two main negatives out there are valuations, and sentiment is starting to get a little high, a little lofty here. >> yeah. everybody's bullish. a little lofty

dedegas says you might want to buy some protection as well just to make sure if things go south, you don't need to sell your equities but at least buy a little protections on the s&p 500 with options great discussion, all. thank you very much. sara eisen rejoining the "closing bell. how have you been? >> i'm good. i'm sorry to leave you hanging, brian. we're trying to make the technology work from all sorts of places, but we have a christmas miracle here and i am back thank you. and i'm ready to talk retail finish the week higher about 2%. dick's sporting goods, macy's, they were some of the biggest winners as the countdown with the final stretch. it would not be christmas eve without talking retail stocks with stacy what is the strategy for investors, the stores like macy's or a stay-at-home like

etsy >> the xrt is up 40% this year i mean, that's huge. obviously as investors look forward, we're assuming a huge recovery here, but i think to one of the things brian was talking about, which is travel i mean, i think the consumer -- the wealthy consumer particularly who's gotten wealthier during the past year will be ready to bust out and travel and what comes along with that you've got cosmetics, you have apparel. so, i think you can look at things like ulta you can look at pdh, which is 40% exposed to europe. we're basically locked inside of europe at the moment i think that consumer is going to be ready to absolutely get out there when they can. >> i'm looking at your list of favorites. you have nike and lululemon on there. i've covered both of these companies and the quarters they have just put up amazing to see double digit revenue growth for retailers but hasn't that already been factored into the market

these are both trading at very high valuations. >> you would think so. those two stocks have had a massive run. if you think about, first of all, nike. what are they doing? most of retail brands are talking about lower sales but higher margins because inventories are so low so they're selling full price nike, on the other hand, is talking about double digit revenue growth and higher margins because they are culling their wholesale channel that is usually highly promotional and taking charge of their business. so, i think for them there is a huge opportunity and i think this is likely a $200 stock by the end of 2021. on lululemon, you and i talked -- sorry, go ahead. >> so, you and i - >> go ahead, lulu. >> on lululemon, another one of the things that brian was talking about is the obesity problem that needs to be addressed worldwide. and lulu just dropped larger

sizes, up to 20, and they're finally getting serious about larger sizes so i think that coupled with their outdoor gear, which is much higher priced ticket, moves this stock into the next leg of growth here. >> if you look at the best performers recently, tapestry is up 7% for the week it's actually had an amazing run of 88% in the last three months. there's a new ceo there, profitability story there. how do you pick those kind of comeback stories that got absolutely slammed during the pandemic and whose businesses suffered from it >> so, i think there's a group of stocks, if you look at ralph lauren, tapestry capri what has gone on there so they're selling a lot less stuff. tapestry is probably toward the top of that, doing better than most, but, again, they're selling at a higher margin they're not promoting. they're raising prices why? because their inventories are so lean right now because everybody stopped ordering so early in the

year because they didn't know what to expect so, investors were eager to play a higher margin story. however, this now assumes that you're returning to nice revenue growth next year and beyond. this to me is very reminiscent of 2016 when we saw the same things these brands cleaned up their wholesale channel, higher margins, but the revenue growth never followed through when things normalized. and i think on these particular stocks, that is a likely scenario going forward >> stacey, thank you very much happy holidays. >> good to see you >> happy holidays to you. >> you, too. up next on the show, airport traffic is surging and hawaiian airlines is adding new routes in north america. hawaiian air's ceo will join us to discuss whether the turn-around in travel is here to stay back in 90 seconds (upbeat music)

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♪ >> welcome back. apparently everybody is flying again. the tsa reporting that nearly 1.2 million travelers checked in at airports across america yesterday. by the way, that's the fourth time in six days there have been more than a million people per day getting on a plane and the most since mid-march

as the vaccine rolls out across the country, are airlines getting positioned for the year ahead? joining us in an exclusive is peter ingram, hawaiian airline ceo. they have been a leader in testing and they just announced three new routes to hawaii or from hawaii to the mainland as well peter, great to have you on. why is now the time to announce three new routes >> great to be on with you the reason it's time to announce three new routes is because, you know, we're very optimistic about a recovery in 2021 these are places we've been looking at for a long time they have good, strong demand for hawaii i've seen coverage on your air about how austin is booming as a tech center these days and we think that many of those people are going to want to travel to hawaii

the same goes for orlando, which has a growing population ontario is a market we've been looking at for a while the period where the depth of some of our traditional routes may not be what it was, it's a chance for us to look at broadening our network and we see great opportunities not just for next year but for the long term. >> peter, i realize you have an airline business to run, but does it feel strange to be adding flights and encouraging people to take vacations to hawaii at a time when our public health officials, the cdc, is encouraging them to stay home, to not travel with families and to wait until this covid surge comes down a little bit. we're at the worst levels we've ever seen. >> with the every well, we've taken a lot of precautions at our airline and really in the community here in hawaii to make sure we're doing everything we can to protect public health flying on airplanes has proven

to be very safe. and there's strong research about that and one of the differences with hawaii in particular is that we've got our testing regime in place and it's been in place since october, and so the vast majority of those people that are getting on our airplanes to avoid quarantines have been tested in advance. and we think it is absolutely safe to travel we certainly recognize people need to be very careful and, you know, i join other leaders in encouraging people to keep gatherings small this holiday season and let's get through this difficult time period but traveling safely -- the term we use is travel pono, which is a hawaiian word for just doing things right and i think if you travel pono, you can travel this holiday season >> peter, i was on two 767s last

week both of them were not only sold out, they were oversold. how full on your flights right now? >> we're down. almost every flight is full, 95% and above. we're not running that this year we have seen demand gradually begin to recover we still have a long way to go but, you know, typically our flights are in the 50 to 60% full range there are some peak periods where demand is a little higher than that. but there's plenty of capacity out there relative to the demand right now and we're really looking forward to that demand recovery as we go into 2021. >> peter, as more and more americans get vaccinated and get the opportunity to get vaccinated against covid-19, how as a ceo are you thinking about

getting your workforce vaccinated and would you mandate that so that your customers can feel safe? >> yeah, it's certainly something we have been thinking about. you know, it's really a priority for us to have vaccinations become available for essential workers like our teams here at the airline, particularly our front line staff and when that priority comes along, a position that we're likely going to take is to strongly recommend that. i think most of our employees will want to get the vaccine and get it quickly we're certainly going to encourage that and work with officials here in hawaii and the other places we serve to make it as accessible as possible so we can help them out with distribution and make sure we get that scheduled efficiently and get as many people vaccinated as we can

>> happy holidays, peter thank you for joining us today peter ingram of hawaiian air is it the vaccine top? moderna stock, one of the worst performers in the market since their vaccine started rolling out. we'll ask a top bichlt o tech analyst about what to do with that stock now if you own it. you can always watch or listen to us on the go on the cnbc app ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa

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welcome back merry christmas eve. well, it's certainly apparently more scrooge than bob cratchet in washington today because the gop stopping democrats from making direct payments to families where exactly do we stand on the covid relief bill? eamon javers is back with the latest. >> reporter: it doesn't look like any stimulus presents under the tree tonight in washington, d.c., as lawmakers are trying to figure out what the path forward ultimately looks like now that president trump has blown up those negotiations over covid relief and also government funding. we're facing a number of different deadlines including a government shutdown potentially next week. nancy pelosi tried to call the president's bluff earlier this morning. remember, the president said he doesn't like the deal because the payments to individuals at

$600 were not high enough. they should be $2,000 instead of $600 pelosi said, fine. she put that on the floor this morning. republicans blocked it, though, saying they didn't like that idea, that that was something that made nancy pelosi upset enough to write this in a statement. she said today, on christmas eve morning, house republicans cruelly deprived americans if the president is serious about the2,000 direct payments, he must call on house republicans to end their obstruction. so, that sets us up for next week unless there's a christmas miracle here over the weekend. on monday the house will, pelosi says, vote on a stand-alone $2,000 checks bill for relief for americans. the house is also going to vote to override the president's veto of the defense bill. that's a $740 billion bill the president vetoed it because he didn't want to take confederate names off u.s. bases and because he wanted social

media legislation in there that wasn't in there. the house is going to vote to override that on monday. the senate will begin considering that on tuesday. so, we're going to have a full-on battle royale next week. we'll see if the president changes his mind on this or whether he's insistent on vetoing this covid relief bill at this point. it's just unclear where lawmakers are going to go to pick up the pieces on a bill the president's team negotiated and say, that bill's a disgrace. >> eamon, the economic damage, i think we should talk about here. if this bill gets delayed or not pass ed, up to 12 million americans will lose their unemployment benefits if that extension doesn't go through the moratorium on rent evictions. who's going to own that? >> reporter: sure, also the ppp extension is in there for small businesses that have been crying out for some relief from washington for months.

there's plenty of blame to go around democrats held out until the end of the year for a bigger deal. nancy pelosi said all along that she didn't want a small deal that was clearly on the table. she held out for a bigger deal she didn't get that. the republicans also negotiate negotiating away a $2,000 check down to $600 said they didn't want the $2,000 bill the president then coming in after the deal's already been signed and negotiated and haggled between the two sides, including his own representatives, saying, you know what, i don't like that either i want the $2,000. but he didn't push for it, you know, when the negotiations were in place he could have pushed his party to be for that there's a lot of blame for a lot of people here and americans look at this in washington and say, what is going on why is it that on christmas eve we can't have a deal that brings the country together, that provides some relief in a pandemic that is not a partisan thing at all, it's a pandemic. that's where we are. we have a broken politics and we

have a broken governmental system here in washington, d.c and you know, is there a chance for a deal here? maybe. but it looks really hard from where i'm standing right now >> eamon javers, thank you coronavirus distribution issues forcing the u.s. to fall short of its own goal to vaccinate 20 million americans by the end of the year up next, find out what it means for biotech investors. how to trade these stocks when "closing bell" comes right bac ♪ ♪ it's different because i have to talk to a computer.

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. welcome back to "closing bell." moderna stock falling today as covid-19 vaccination issues surface. moderna is now down about 5% on the day and 14% for the week for the year, it is still up more than 500% pfizer among the other vaccine stocks dropping on slower than expected vaccine rollouts. the cdc reporting a little more than 1 million people have been vaccinated so far in the u.s., with the goal of 20 million by the end of december in doubt how about distribution issues impact these biotechs? let's bring in oppenheimer analyst hartaj singh they figured it out and the stocks have been rewarded for that now comes the distribution part. how do you expect that to impact the way these shares trade >> you know, the issue right now is essentially, you know, the issue between expectations and delivery, right? so, i think the government, the cdc, operation warp speed laid out very aggressive agendas

prior to these -- the vaccines being approved and now may not be able to hit some much their own targets, right? the expectations are already elevated the 20 million number by the end of this year was really, really aggressive as you said, the cdc has gotten us to 1 million and they'll keep that moving along. but in the short term, we do expect volatility. we upgraded our price target to moderna to 178 after the approval but we noted to investors that after such a big move in the stock this year, we could expect some near-term profit taking, some volatility in the shares. moderna has acted that way previously the shares tend to move up upon a catalyst and then give some of that back. >> just to be clear, the distribution issues and the delay and not nemeeting the 20 million goal, is that on the companies or the u.s. government >> so, it's a little bit of both operation warp speed took over

responsibility of sdribsing the vaccines by the government, so really all the companies that participated in operation warp speed, including moderna, soon to be johnson & johnson, astrazeneca, will be using the government's distribution capabilities pfizer/biontech went their separate ways and not accepting any money from operation warp speed so were planning on doing the distribution themselves. i think some logistic challenges are occurring more on that side than the moderna side. we expect a smoother rollout on the moderna side over the next few weeks. >> having been in distribution centers with the vaccine, people have literally said, if they just kind of let the government out of it and let them distribute it like normal generic drugs, it would be smooth, because they kind of have it figured out. that ausd, all of these stories, we're not going to get the vaccines out in time there's a huge caveat, is there not? that's not counting in the possible approval or distribution of astrazeneca or

j&j's vaccines if those are approved and they start to roll out, we could go a lot faster than we thought >> absolutely right, brian we should get those approved as early as late january but more likely february. those are one-shot vaccines that can be stored in a refrigerator. an adult like myself would probably have one of those vaccines by april, may to take the pfizer, moderna vaccines have higher efficacy, higher side effect potential and probably kept for elderly and health care folks initially in the first half of 2021 you're right, things would move along a lot more quickly for astrazeneca and j&j assuming they get approved. >> brand-new technology being used in a vaccine. it's passed it all with flying colors so far. what's next for the platform and

who has more opportunity, moderna or pfizer? >> moderna has been doing this for over ten years they have over 20 projects in the clinic so, i think their experience with mrna is pretty well known we've been to a lot of the r&d days, science days, i've been to their facilities a couple of times. i can't comment on pfizer and biontech, we don't cover them. i can say moderna's experience is deep. i'll say one thing quickly, that in the early 2000s i remember going to a medical conference and seeing a presentation on antibodies to the general investor, people now take antibodies. they're about $200 billion market worldwide in the early 2000s, there were a lot of doubts as to modalities, whether they would have any success or not 20 years later now, you have over $200 billion in sales worldwide. we expect mrna is experiencing some of those initial doubts but in 5, 10, 20 years this modality

will be very well proven >> real pleasure to get you on very important topic we'll see you in 2021. thank you. >> happy holidays. thank you. stay safe. >> you too, thank you. a holiday gift that is personalized and you don't have to worry about shipping and tearing up boxes coming up, the ceo of cameo on whether personalize the celebrity videos are more than just a fad. as a reminder, if you start to get back out there, you can always watch or listen to us live on the go anywhere you are, on the cnbc app. we'll be right back after this

see yourself. welcome back to the mirror. and know you're not alone because this. come on jessie one more. is the reflection of an unstoppable community in the mirror.

welcome back time now for a cnbc news update with sue herera. hi, sue. >> hi, great to see you. here's what's happening at this hour just within the last hour, delta airlines saying it will require all passengers coming from britain to the u.s. to test negative for the coronavirus that rule goes into effect today. united airlines is instituting a similar testing requirement for passengers from britain, but that requirement will not go into effect into monday. the risk of getting reinfected with the coronavirus is very low. that's according to new research from oxford university the study involved 12,000 health

care workers and among the 1300 who had the antibody to covid-19, only 2 tested positive over a six-month period. and multiple government warnings to watch out for coronavirus vaccine scams. it is important to know that medicare covers the vaccine cost so if anyone asks for your medicare number or payment for access to a vaccine, it is most likely a scam. you are up to date that's the news update this hour brian, back to you >> sue, thank you very much. $1 million, that is what the actor who played kevin in the show "the office" reportedly earned last year and it had nothing to do with with tv or film work at least not directly. it was by making personalized videos like this on cameo. up next, cameo ceo is here on this big new business for celebrities and the skepticism icarndaybe it's not just a fad stk ou

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humana, a more human way to healthcare. what do snoop dogg and steve wozniack have in common? you can book them on cameo come yoe is the hottest gift you can't find under a tree. users can send personal messages from celebrities to their friends. ceo steven galanis joins us now.

welcome to the show. what is demand like for you around the holiday season? >> thank you for having me christmas eve is our busiest day of the year. just like omar needing to get something last minute. that's when cameo's busy our busy seasons today tend to be christmas, valentine's day, mother's day, father's day any time you need a gift to wow somebody. >> it's a really fun gift. i seefd one myself i always wonder, though, how you convince so many celebrities to do it. is that a lot easier now with covid because it's not like they're out shooting on normal schedules? >> number one, we think we have a really good value prop all are looking for three things -- looking for money, fame and love. at cameo our value prop is we're paying the talent to be more famous when you got a cameo from that talent, whoever it was, you become a bigger fan of them.

at this day everybody is looking to turn their fans into superfans. >> steven, i'm looking -- i've got a beef to pick you with here first, i want to know who sara got. i want to know who cameoed her you have local news anchors at 50 bucks where's your category for beloved financial news hosts what do you think we could get to send out a message? >> let's get you -- when i was with steve, we watched you guys religiously. i know my parents watched you guys every day let's get you on after this. >> seriously, $1 million, kevin from "the office." i love "the office," but how is he making so much money and why him? >> i think it comes down to the authenticity and the care and the quality that he puts into every one of his cameos. he's absolutely incredible and as a theme, we've seen

iconic characters from classic shows do really, really well on the platform >> on a seeshs note, we had fun with this, but you probably saw the story, charlie sheen and others, there is a fear that you can pay celebrities effectively to try to endorse a government, like this sort of -- this semi-controversy going on with libya right now. how do you make sure, you know, that people like actors and race car drivers who think they're just sending some kind of a message that they may not fully understand, don't send a message that can be used in a bigger way to seem like they're endorsing something they don't get >> number one, it's against our terms of service, but i put our safety up against any platform that's existed we've done 1.6 million cameos since we started and i can count on one hand something bad has happened overwhelmingly, cameo is a place

for love that's why the talent love doing it occasionally when you open the red velvet rope, bad people are going to come in we do our best every single day to keep our platform safe for our talent, our customers and for all that love watching the videos >> so, what's next, steven, how do you capitalize on the connections you've made, the user data, where is the growth in the business? is it repeat customers how are you thinking about how to expand it >> there's a lot of different growth levers. number one, we have 10,000 talent on the platform today we think there's 2.5 million people that could be on cameo, and we think that number's going to double over the next five years. so, there's a lot of growth just doing what we're doing on top of that, there's adjacent businesses we are getting into you can go to biz.cameo.com and buy a business endorsement that

has a really great aesthetic for tiktok, snapchat or instagram ads. this is a way for small businesses to connect with their favorite talent and get them to create business endorsements secondly, we have a new product that's in beta called cameo calls that we've been having a lot of fun with. many of you guys have seen santa claus facetiming with children he's been doing it all week on there. and other talent like the weissly twins from harry potter have been testing it out and that's a magical experience we're looking forward to launching early 2021 and then on top ofthat, we're constantly trying to find interesting new formats, just like our cameo live product, which were zoom calls that we announced earlier this summer. we're having a lot of fun. we're trying to continue to manifest our mission, which is to create a personalized and authentic fan experience and we're always looking for new, interesting ways to connect talent with their biggest fans

>> yeah. you got to get taylor swift on there. that would be exciting mine, by the way, was lisa loeb, someone who i loved, loved, loved growing up >> for you, lisa loeb was as much fun as having steve so i think part of the beauty of cameo is we have 35,000 people and the person that picked lisa for you, knew you so well that they knew that was the perfect gift for you >> yes it was very me steven, thank you very much. happy holidays. >> thanks for having me. merry christmas, everyone. and personalized celebrity videos aren't the only hot gift this holiday season. find out why the price tag on gifting stocks this year has gotten sliced when "closing bell" comes right back stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50

instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. schwab. on the 5g america's been waiting for. now, get iphone 12 this new iphone plus verizon 5g is incredible. switch and get iphone 12 on us. unlimited plans start at just $35. this is 5g from america's most reliable network. (m♪ ic)

. welcome back your money has probably had a pretty good run this year. the nasdaq is up 42% many stocks more than doubled or tripled. but despite that, believe it or not, gifting stocks this holiday season has actually gotten a little more affordable despite the rally. so, bottoms up kate rooney is here to join and explain why. kate

>> hey, brian. stocks are a more affordable present as they can gift in dollar instead of shares this year charles schwab and fidelity became the latest to let clients buy part of an expensive stock for as little as 5 bucks. sofi, robin hood and square also offer that feature clients can send shares to an existing brokerage account or open a new custodial account on behalf of kids or relatives. schwab tells me they've seen 18% of all stock slices, as they call them, being sent to custodial accounts in december that's up from about 15% a month earlier. td ameritrade, which is set to merge with schwab, doesn't offer fractionsal trading but they say they've seen a large increase of gifting stocks to individuals and charity in recent weeks. and there are companies like give a share and stockpile that specialize in gifting stocks,

which sometimes come with a framed certificate but the gift could come with tax implications you might have a capital gain tax, which then gets transferred to the recipient back to you. >> yeah, good warning. love the festive country background, kate while we have you, robin hood hit with a class-action lawsuit today. what is the latest they're continuing to face some legal trouble here >> yeah, busy couple weeks for robin hood it comes on the heels of an s.e.c. settlement last week. it's really around the same issue, which is disclosure for order for payment flow this new class-action lawsuit claims they didn't really tell the whole story about freed trading. they allege robin hood failed to tell clients they were selling those orders to high-frequency traders and charging them through the back door with commission fees. they didn't comment on this one and settled with the s.e.c. last week all this comes as the company is headed for an i. ichlts ipo

wonder woman 1984 is making history tomorrow it is the first time a potential blockbuster movie is being released in so many theaters and on a streaming service at the exact same time. more on what that means for the future of hollywood next is a bih our neighbors fencing. neighbor 1: allez! (sound from wind chimes) neighbor 2: (laughing) at least geico makes bundling our home and car insurance easy. which helps us save even more. neighbor 2: hey, sarah, hey, peter! neighbor 1: touché. neighbor 2: ahhh! neighbor 1: pret! neighbor 2: en garde! for bundling made easy, go to geico.com this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network.

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santa is not the only one who's going to make a big appearance tomorrow. gal gado will drop in. wonder woman 1984 launching in theaters and the hbo max streaming service tomorrow it's a huge hit and maybe a huge hit to the already slammed movie theater industry julia boorstin with us with more it's a big change for the big theaters >> it's a bold move by warner bros this hybrid release of not just "wonder woman 1984," but the next 17 movies "wonder woman 1984" will be available in roughly one-third of u.s. theaters open and hbo max subscribers in the u.s morgan stanley writing this should, quote, further support hbo max's momentum but this will impact theatrical cost

the availability of big titles at home will prevent people from wanting to return to theaters. now, post-pandemic, more than two-thirds of consumers say they will want to watch at least some movies in theaters, according to a deloit survey. 90% of consumers who said they rent or pay to watch a movie at home say they would be happy to do it again. universal, cnbc's sister come, and disney are renting movies at home universal 17 days while after being in theaters and disney with an additional fee for disney plus subscribers. it will be a test to see which of these models works out the best >> i'm here for a female super hero movie any day thank you, julia. as we get ready to wrap up the week, brian, holiday shortened week and day, stocks ended up pretty much the same on the week but still holding near record highs we'll wait to see next week if

the president will sign the stimulus legislation, giving much needed relief to so many americans. it's something wall street has rallied on top of. >> yeah, we have to remember that u you know, it has been not a recession, a depression for millions of families and workers in hospitality, travel and tourism. things haven't slowed down for them they have completely stopped and hopefully congress will be able to deliver something you also have brexit and the january 5th georgia runoffs. there's a lot of market risk over the next 12 days. >> although brexit, at least they got the deal on brexit. they figured out the fisheries, they got through the tough stuff and it looks like they're going to avert the worst of that disaster by the end of the year. i guess also, brian -- >> related -- >> exactly >> wilfred's gone and the deal gets done. there's something there. merry christmas, everybody. >> he's back next week he can explain it all to us. tonight don't miss the news with

shepard smith, 7:00 p.m. eastern time it will be on as normal. they'll cover a threatening storm coming to the northeast. last-minute shopping in the age of the coronavirus and a new story about telling airbnb to get out of town. all tonight at 7:00 p.m. eastern. thanks for watching. that doeit fs or us. "shark tank" is coming up next on cnbc. happy holidays, everyone investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ this is "shark tank." ♪ a young entrepreneur with big aspirations for making the world a better place. ♪ my name's nate berkopec. i'm 19 years old, originally from eagan, minnesota, but i'm currently a business student at new york university. the goal of my company, the factionist, is to be